Regulatory Alerts2014-01-01
Decision No. 119 of 2014
The Financial Regulatory Authority (FRA) issued Decision No. 119 of 2014, which mandates standardized preparation and review procedures for the financial statements of licensed real estate financing companies. The decision establishes strict submission deadlines to the Authority and defines compliance obligations for all licensed entities. These requirements ensure consistent financial reporting, enhance regulatory oversight, and standardize disclosure practices across the sector.
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